Answer:
$218.70
Step-by-step explanation:
You need to first convert the percentage to the decimal.
20% = 0.2
Now, you need to find 20% of each bill by multiplying each bill by 0.2.
0.2(185.45) + 0.2(205.20) + 0.2(195.05) + 0.2(245.80) + 0.2(262.00)
Because of the distributive property, you can add up the bills and multiply the sum by 0.2.
0.2(185.45 + 205.20 + 195.05 + 245.80 + 262.00)
0.2(1093.50)
218.7
The waiter made $218.70 in tips.
Answer:
The balance after 1 year is;
$1,014.05
Step-by-step explanation:
To do this, we use the compound interest formula
That will be ;
A =P (1 + r/n)^nt
A is the amount generated which we want to calculate
r is the rate = 1.4% = 0.014
P is the amount deposited = $1,000
n is the number of times it is compounded annually which is 2 (semi-annually means 2 times in a year)
this the number of years which is 1
we have this as:
A = 1,000( 1 + 0.014/2)^(2*1)
A = 1,000(1 + 0.007)^2
A = 1,000(1.007)^2
A = $1,014.05
